AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC trimmed its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,727 shares of the aerospace company’s stock after selling 1,123 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in AeroVironment were worth $727,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AVAV. New York State Teachers Retirement System raised its stake in AeroVironment by 0.6% in the 4th quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company’s stock valued at $2,711,000 after purchasing an additional 100 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in AeroVironment by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock valued at $642,000 after purchasing an additional 105 shares during the last quarter. Avior Wealth Management LLC raised its stake in AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 133 shares during the last quarter. DMC Group LLC raised its stake in AeroVironment by 7.2% in the 4th quarter. DMC Group LLC now owns 2,356 shares of the aerospace company’s stock valued at $363,000 after purchasing an additional 158 shares during the last quarter. Finally, Bouvel Investment Partners LLC raised its stake in AeroVironment by 1.0% in the 4th quarter. Bouvel Investment Partners LLC now owns 17,274 shares of the aerospace company’s stock valued at $2,658,000 after purchasing an additional 166 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AVAV shares. Jefferies Financial Group dropped their target price on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. William Blair restated an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Robert W. Baird dropped their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $202.40.

AeroVironment Stock Performance

NASDAQ AVAV opened at $124.00 on Wednesday. The stock has a market cap of $3.50 billion, a PE ratio of 71.26 and a beta of 0.42. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a twelve month low of $110.07 and a twelve month high of $236.60. The stock has a fifty day simple moving average of $162.13 and a 200-day simple moving average of $182.36.

AeroVironment Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.